Itafos management commentary cites higher sulfur costs as driver of Q3 2026 net income decline
Bitget2026/11/05 00:00- Itafos management commentary attributed a 71% drop in third-quarter 2026 adjusted EBITDA to USD 14.37 million primarily to higher raw-material costs.
- Higher sulfur and sulfuric acid costs outweighed improved selling prices; net income fell 94% to USD 2.23 million.
- Revenue rose 5% to USD 160.99 million, driven by higher realized fertilizer and sulfuric acid prices despite lower Conda sales volumes.
- A temporary sulfuric acid plant mechanical outage in September reduced Conda production and sales volumes.
- Free cash outflow reached USD 54.46 million as higher capital spending, reclamation payments and unfavorable working capital movements pressured cash generation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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